Uploaded on Jun 17, 2021
Understand the changes in medical billing rules & regulations and predict how medical billing will be in 2021 to increase your medical business growth.
Medical Billing in 2021 Things to Expect
Medical Billing in 2021 – Things to Expect www.mgsionline.com www.mgsionline.com Introduction • 2020 has been a challenging year for Global healthcare sector, which resulted in sweeping changes affecting healthcare and Medical billing outright. • With these challenges and changes anticipated to carry over, Medical Billing in 2021 as predicted will see a lot of updates, advancements, revised medical billing and coding guidelines, compliances and regulation. • Read further to educate yourself with the latest changes in Medical billing. www.mgsionline.com Updates in Medical Coding for 2021 – Major overhaul of CPT codes in last 25 years. American Medical Associates (AMA) announced major updates in medical billing codes and guidelines for 2021. Release of an updated version of CPT (Current Procedural Terminology) codes includes modification of codes for outpatient evaluation and management (E/M) services as listed below: • Eliminating history and physical exam as elements for code selection.[1] • Allowing physicians to choose the best patient care by permitting code level selection based on medical decision-making (MDM) or total time.[1] • Promoting payer consistency with more detail added to CPT code descriptors and guidelines.[1] www.mgsionline.com Updates in Medical Coding for 2021 Further to the above E/M coding changes; around 329 CPT codes have been edited for 2021 code set inclusive of • 206 new codes – Important additions are in • Revision and addition of codes set for Retinal response to COVID- 19 Imaging and screening diabetic retinopathy and • 54 deletions – CPT code sets are continuously increase early detection modified to keep up with the fast-paced innovation • Descriptive codes for Artificial Intelligence (AI) in digital medicines and technology augmented solutions • 69 revision of existing codes – to meet the current • Of the new codes introduced, the majority of requirement codes are updated to cover the novel areas of • Updated CPT codes for technological advances in medicine and almost 63% involves in new Cardiac monitoring and detection technological services in healthcare. www.mgsionline.com Unchanged Guidelines While the revision of CPT codes is closely monitored for better reimbursement, it is of prime importance to know what remains the same. Guidelines for new and established patients remain intact Use of CPT code 99211 still remains unchanged. Requirement of clinical documentation by physicians CPT manual for shared/split services is similar to previous versions www.mgsionline.com Tele-health and Telemedicine Tele-health and Tele-medicine emerged as the best solution during Novel COVID-19 Pandemic. It ultimately served as an alternative option for patient care by helping to maintain social distancing. Owing to growth in Telehealth and Tele-medicine, related industry-based digital tools and information technology are trending. Recent research concludes that majority of patients embrace Tele-health and digital interactions compared to regular medical services. As a result of the ongoing crisis and surge in the current requirement, Tele-health is expected to see about 80% of growth. www.mgsionline.com About US Medical Billing Outsourcing About MGSI Medical Billing Outsourcing market is witnessing an MGSI is a 25 years old national increased growth due to the changes and twist Medical Billing Company serving more than 600 involved due to the COVID-19 pandemic and majorly physicians across US. MGSI has trained and because of the complexity in keeping abreast of the experienced medical billing and coding team recent CPT and ICD-10 coding guidelines, changes handling complete revenue cycle management in medical billing rules and regulations, etc. services to our clients. Physicians and medical groups are considering We also have the prerequisite to facilitate your Medical billing outsourcing to cope up with the medical billing and education your providers and industrial changes. team with all compliant and regulatory policies. To know more about the recent changes in Medical Billing and to outsource your RCM process contact MGSI www.mgsionline.com THANK YOU! For Queries Phone: 1-877-896-6474 Email: [email protected] Website: www.mgsionline.com
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